Streetbeat News

GOEV

Canoo Inc.

https://www.canoo.com

Industry

Auto - Manufacturers

Canoo Inc., a mobility technology company, designs, engineers, develops, and manufactures electric vehicles for commercial and consumer markets in the United States. The company offers lifestyle delivery vehicles, lifestyle vehicles, multi-purpose delivery vehicles, and pickups. It also provides multi-purpose platform architecture is a self-contained, fully functional rolling chassis design to support various range of vehicle weight and ride profiles. The company serves to small businesses, independent contractors, tradespeople, utilities, and service technicians. Canoo Inc. was founded in 2017 and is headquartered in Torrance, California.

Open

0.41

Mkt cap

36M

Volume

5.3M

High

0.43

P/E Ratio

-0.07

52-wk high

8.81

Low

0.40

Div yield

N/A

52-wk low

0.37

This week in the EV sector, Tesla analysts lowered their expectations ahead of Q2 deliveries, Fisker filed for bankruptcy, Nikola confirmed a 30-for-1 reverse stock split, and Canoo announced a secondary offering. Additionally, Canada is considering tariffs on Chinese EV imports.

Portfolio Pulse from Shanthi Rexaline

June 22, 2024 | 1:15 pm

Canoo has filed a prospectus for the offer and sale of up to 13.7 million shares of common stock by YA II PN, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 8:20 pm

The EV sector saw significant developments this week, including Tesla's shareholder meeting, Fisker's recall, Workhorse's reverse stock split, and Faraday Future's new deliveries. Tesla's reapproval of Elon Musk's compensation plan and optimistic future projections were key highlights. Fisker faced challenges with a major recall, while Workhorse announced a reverse stock split and strategic collaborations. Faraday Future resumed deliveries and hinted at an affordable EV. Ford eased dealer investment norms due to slow EV adoption. The KraneShares Electric Vehicles and Future Mobility Index ETF fell 3.83% for the week.

Portfolio Pulse from Shanthi Rexaline

June 15, 2024 | 2:53 pm

Shares of companies within the broader discretionary sector are trading lower following softer-than-expected consumer sentiment data.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 7:56 pm

The article highlights the pre-market movements of several consumer discretionary stocks on Friday. Notable gainers include Meta Data (AIU), Chijet Motor Co (CJET), Jeffs Brands (JFBR), Canoo (GOEV), Lixiang Education Hldg (LXEH), and Allbirds (BIRD). Significant losers include Kaival Brands Innovations (KAVL), Zapp Electric Vehicles (ZAPP), RH (RH), MGO Global (MGOL), Boqii Holding (BQ), and Despegar.com (DESP).

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 12:06 pm

Canoo Inc (NASDAQ:GOEV) shares are trading higher on above-average volume, likely due to the company's participation in the Sidoti Small Cap Conference. The stock is also trending on social media due to its high short interest. The consensus price target for Canoo is $5.96, with the most recent analyst update maintaining a Buy rating and a $5 price target.

Portfolio Pulse from Adam Eckert

June 13, 2024 | 4:50 pm

Canoo's (NYSE:GOEV) short interest has fallen by 9.19%, with 14.00 million shares sold short, representing 23.51% of its float. This decline in short interest could indicate a shift in market sentiment. Canoo's short interest is higher than its peers, whose average is 9.69%.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 1:30 pm

The article discusses key events in the electric vehicle (EV) sector for the week ending June 7. Tesla is pushing for shareholder approval of Elon Musk's 2018 pay package, Rivian launched revamped R1 vehicles, Nikola received shareholder approval for a reverse stock split, and Fisker defaulted on a loan payment. Ford's CEO emphasized the importance of affordable EVs, and the KraneShares Electric Vehicles and Future Mobility Index ETF saw a decline.

Portfolio Pulse from Shanthi Rexaline

June 08, 2024 | 1:36 pm

The EV market had a mixed week ending May 31, with Tesla facing modest losses amid weak economic readings. Key events included Tesla's shareholder meeting and recall, Rivian's Q2 warning, Fisker's layoffs, Faraday Future's stock drop, and Lucid's UAE expansion.

Portfolio Pulse from Shanthi Rexaline

June 01, 2024 | 3:03 pm

The EV sector saw significant developments this week, including Tesla's production cut in China, Lucid's workforce reduction, Nikola's new truck orders, and Ford's potential easing of EV sales norms for dealers. The KraneShares Electric Vehicles and Future Mobility Index ETF fell 4.88% for the week.

Portfolio Pulse from Shanthi Rexaline

May 25, 2024 | 1:10 pm

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